Allot Communications (NASDAQ:ALLT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Allot Communications (NASDAQ:ALLT – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the communications equipment provider’s stock.

Other analysts also recently issued reports about the stock. Needham & Company LLC decreased their price objective on shares of Allot Communications from $6.00 to $4.50 and set a buy rating for the company in a report on Wednesday, March 1st. Northland Securities decreased their price objective on shares of Allot Communications from $11.00 to $8.00 in a report on Wednesday.

Allot Communications Stock Performance

ALLT stock opened at $2.63 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.51 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $98.41 million, a price-to-earnings ratio of -3.02 and a beta of 1.04. Allot Communications has a 12 month low of $2.50 and a 12 month high of $5.97. The firm has a 50 day moving average of $2.71 and a two-hundred day moving average of $3.27.

Allot Communications (NASDAQ:ALLT – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The communications equipment provider reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.01. The business had revenue of $33.03 million during the quarter, compared to the consensus estimate of $30.30 million. Allot Communications had a negative net margin of 33.28% and a negative return on equity of 35.04%. As a group, equities analysts anticipate that Allot Communications will post -0.71 EPS for the current fiscal year.

Institutional Trading of Allot Communications

An institutional investor recently raised its position in Allot Communications stock. Cowen Prime Advisors LLC raised its stake in Allot Communications Ltd (NASDAQ:ALLT – Get Rating) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,918 shares of the communications equipment provider’s stock after purchasing an additional 6,567 shares during the period. Cowen Prime Advisors LLC owned approximately 0.13% of Allot Communications worth $184,000 as of its most recent SEC filing. 69.49% of the stock is owned by institutional investors and hedge funds.

Allot Communications Company Profile

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Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.